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Tralee's Central Hotel For Sale With €1m Price Tag

Published on May 6 2014 1:46 PM in Hotel

Tralee's Central Hotel For Sale With €1m Price Tag

Tralee's 100-bed Central Hotel has been put up for sale with an asking price of €1 million.

The hotel, which ceased trading earlier this year, was built as the Abbeygate 20 years ago and lies directly in the centre of Tralee town. 

Savill's Denis O'Donoghue and Carmody auctioneers have been appointed selling agents on behalf of the receiver Aiden Murphy. Though closed, it is believed that the hotel would require minimal investment to reopen.

Built in 1994, the Central Hotel is a Failte Ireland registered three-star hotel with 100 bedrooms. It is laid out over three floors and has around 40 off-street car parking spaces on either side of Maine Street.

The hotel boasts two bars and a restaurant at ground floor level which was redecorated in recent years. There are two meeting rooms and a main function room capable of accommodating 260 people. The function room is at ground floor level, has a large bar and excellent natural daylight.

Savills' Denis O'Donoghue commented: "This is a good quality hotel asset and represents a unique opportunity to acquire a hotel business requiring minimal start-up costs in an excellent business and leisure location".

Local tourist attractions include the Aqua Dome, Wetlands Centre, Banna Strand and the Arnold Palmer designed Tralee Golf Club.

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